Yuexiu Property Co. Ltd. has entered into a new facility agreement with a bank, securing a dual-currency term loan facility of CNH200 million (or its Hong Kong dollar equivalent). The loan has a term of 364 days from the first drawdown date and is subject to the terms and conditions of the agreement. Under the facility, an event of default will occur if Yue Xiu Enterprises (Holdings) Limited, the controlling shareholder currently holding about 44% of issued shares, sees its shareholding fall below 30%, ceases to be the single largest beneficial shareholder, or loses effective management control over the company. In such cases, the lender may demand immediate repayment of all outstanding indebtedness. The disclosure was made in accordance with Rule 13.18 of the Hong Kong Listing Rules.